Snow Lake Hits More Uranium in Wyoming as Pine Ridge Drilling Expands

Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ:LITM) ("Snow Lake"), a uranium exploration and development company, announces that an additional 15 drill holes have been completed on the Pine Ridge Uranium Project ("Pine Ridge"), located in the prolific Powder River Basin in Wyoming, a 50/50 joint venture (the "Joint Venture") with Global Uranium and Enrichment Limited ("GUE"), delivering encouraging intercepts including 1.8m at 550ppm U3O8 and 1.7m at 520ppm U3O8.

The Joint Venture has now completed 49 drill holes on Pine Ridge, for a total of 18,239m (59,840 ft) of drilling. The total program of 125 holes, including 38,000m (125,000 ft), is expected to be completed during November 2025.

Highlights

Third set of drill results continue to demonstrate the strong development opportunity at the Pine Ridge Uranium Project in the Powder River Basin, Wyoming

Drilling continues to focus on defining roll front mineralisation and has returned excellent results, including:

1.8m at 0.055% (550 ppm) U3O8 from 258.3m in PR25-041 including:

0.8m at 0.070% (700ppm) U3O8 at 258.9m

1.7m at 0.052% (520 ppm) U3O8 from 307.2m in PR25-040 including:

0.9m at 0.068% (680 ppm) U3O8 from 307.4m

3.8m at 0.035% (350 ppm) U3O8 from 220.2m in PR25-045

1.5m at 0.043% (430 ppm) U3O8 from 267.8m in PR25-046

1.7m at 0.043% (430 ppm) U3O8 from 260.1m in PR25-048

Recently, the area permitted for drilling was expanded over a key part of Pine Ridge with the approval of a BLM Exploration Permit

Drilling has confirmed the existence and increased continuity of at least two major sandstone units that appear to be geologically and hydrologically isolated, allowing for future ISR development

Drilling is ongoing and is expected to continue through to the end of November 2025